ACCOUNTING MULTIPLE CHOICE:

1.)

2.)

3.)

On November 1, 2015, EZ Products borrowed $65,000 on a 10%, 5-year note with annual installment payments of $3.250 plus interest due on November 1 of each succeeding year on November 1, 2016, what will the balance be in the Long Term Notes Payable account? O A. $58,500 O B. $65,000 O c. $61,750 O D. $3,250